Tara Moore | Stone | Getty ImagesA 2% or 3% allocation is 'more than enough'Cryptocurrencies are digital assets, a category that should be considered an "alternative investment," Johnson said.
Allocating 2% or 3% of one's investment portfolio to crypto is "more than enough," Johnson said.
watch nowWhether investors buy in to crypto — and how much they hold — will depend on their tolerance and capacity for risk, Johnson said.
However, that allocation would most likely not be appropriate for a 70-year-old investor who can't afford to subject their nest egg to major losses, Johnson said.
"Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk," investment strategists at Wells Fargo Advisors wrote in a note last year.
Persons:
Tara Moore, Johnson, Crypto
Organizations:
Stone, Advisors
Locations:
Wells